Business
Voitinel Test Update
Voitinel Test Update.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \nEuropa Oil & Gas (Holdings) plc\n\nRNS\n\n15-04-10\n\nVoitinel-1 Test Update\n\nThe Directors of Europa Oil & Gas (Holdings) plc are pleased to provide an\nupdate on the timing of operations on the Voitinel-1 well, northern Romania.\n\nThe Operator, Aurelian Oil & Gas, has advised the joint venture partners that\nSchlumberger have been contracted to undertake a proppant frac stimulation of\nthe `1650 sand', an interval that flowed dry gas at rates of up to 3 mmscfpd\nun-stimulated on the initial test. The programme is anticipated to take place\nduring May. Following the frac treatment and a short flow test, the well will\nbe shut-in for pressure build-up for 14 days, after which the additional\npotential in the `1400 sand' will be tested.\n\nCurrent estimates for gas-in-place for the Voitinel play on-block are up to\n400bcf. Europa's working interest is 28.75%, equivalent to approximately 15mmbo\nrecoverable net to Europa.\n\nPaul Barrett, Managing Director, said `We are looking forward to the results of\nthe stimulation programme, which will provide us with valuable information on\nthis significant gas discovery. It will give us better confidence in\ngas-in-place numbers and in our development planning for the field.'\n\nThe technical opinions in this announcement have been reviewed and approved by\nDr. Erika Syba and Paul Barrett, both experienced geologists with over 50 years\ncombined oil and gas experience.\n\nFor further information, please contact:\n\nPaul Barrett Europa +44 7971 528 754\nToby Gibbs Astaire Securities +44 7448 4419\n ","length":1560,"tagName":"div"}]